This quarter’s funding of over $120 million closely matches quarter 2 of last year, when Finovate alumni raised approximately $124 million.
Meanwhile, compared to last quarter’s $150 million, Finovate alums pulled in around $30 million less this quarter.
Here’s the quarter 2 summary for 2012:
April — $2.5 million raised by 1 company
May — $55.5 million raised by 5 companies
June — Over $62 million raised by 8 companies
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you know of any funding that is not on this list and should be, please send the name of the company along with a link to the funding information to email@example.com and we will add it.
Xconomy reported today that card marketing company, Arroweye Solutions, raised $3 million in Series B funding.
Neither the investor(s) nor the purpose of the funding was disclosed.
To learn more about Arroweye Solutions, watch its FinovateSpring 2011 demo.